Examples of Intermediary bank in a sentence
If an Intermediary bank is required, please provide Bank Name, Account Number if applicable and SWIFT Code of Intermediary Bank along with all other required Wire instructions./Ak mena platieb dohodnutá v zmluve nezodpovedá mene vášho bankového účtu, môže byť potrebné uviesť sprostredkujúcu banku.
Checks written on your brokerage account are not drawn directly against the amounts deposited for you at any of The Program Banks, but the money is transferred back from The Program Banks to our Intermediary Bank and then to us, and then used to satisfy your debit through The Program.
In the event Customer does not designate an Intermediary Bank, Bank will select an Intermediary bank using the current Fed Directory and/or current Bank Directory.
While in transit from us to the Participating Banks and from the Participating Banks to us, the funds pass through our Intermediary Bank.
It may take up to two business days for funds deposited in your brokerage account to sweep to our Intermediary Bank for allocation to Participating Banks.